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Paper Information

Journal:   THE ECONOMIC RESEARCH   SUMMER 2007 , Volume 7 , Number 2; Page(s) 109 To 123.
 
Paper: 

OIL PRICE UNCERTAINTY EFFECT ON INDUSTRIAL, SERVICE AND BUILDING SECTORS OF IRAN

 
 
Author(s):  ABBASIAN E.A., MORADPOUR OULADI M., ABBASIOUN V.
 
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Abstract: 
This paper argues oil price uncertainty effects on industrial, service and building sectors in Iranian economy. We discuss in detail the internal and external related research to conclude a model. The GARCH method is used to measure oil price uncertainty, and its effects on the Iranian economy sectors are estimated by OLS. All the estimated coefficients had their expected signs and oil price uncertainty effects on the Iranian economic sectors (industry, service and building) are negative. Research findings reveal that the policy makers should take oil price uncertainty into account to protect economic sectors against international shocks through oil price fluctuations.
 
Keyword(s): UNCERTAINTY, OIL PRICE, IRANIAN ECONOMIC SECTORS, GARCH
 
References: 
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